- Code Category: The code category is selected as an Asset type while creating a new asset type.
- Code: The code of the asset type needed to be entered here. Code can be created from the name of the asset type. For e.g., The name of the asset type is Building, then the code will be BULID.
- Name: The name of the asset type needed to be entered here. The common name of a group of assets can be used as an asset type name. For e.g., Computers, Buildings, etc.,
- Tracking Type: This field is used to define how the assets can be tracked.
- Single: This option is selected to track each and every single asset.
- Consolidated: This option is selected to track the consolidated quantity of assets
- Batch: This option is used to track the asset with the batch number.
- Serial No: This option is used to track the asset with the serial number.
5. Parameter Set: The parameter set is used to create a checklist for asset maintenance. To create a parameter set click here.
6. Nature: An asset might be tangible or non-tangible. The nature of assets will be selected here.
7. Asset Schedule:
8. Resource Type Name:
9. Activity: The activity tab is used to define the maintenance process for the asset type. Different types of maintenance are created in the activity type. Activity type Click here Activity Type
- Activity: The type of maintenance process will be selected here.
- Frequency Period: The time cycle in which the maintenance process occurs. For e.g., daily, weekly, monthly, etc.,
- Duration: The time period to complete the selected maintenance process.
11. Accounts: This field is used to define the account details of the asset.
12. Options: A list of options provided for the asset maintenance and this is basic information related to the asset.
13. Click the Save button to save the asset type details.
******************************************************************************************What is an Asset Type?
An Asset Type is used to classify the various types of fixed assets owned by an organisation.
Similar type of fixed assets owned by an organisation are grouped under one particular name called Asset Type.
Why do we need an Asset Type?
An Asset Type is useful for an efficient management of fixed assets and easy maintenance,scheduling, tracking,accounting and valuation of various types of fixed assets owned by an organisation.
To understand better if an organisation owns three buildings lets say an office, factory and a godown all of them are grouped together under one Asset Type named as Buildings . Similarly if there are 10 laptops and 15 desktops owned by an organisation, all of them can be grouped under one Asset Type named as Computers. Chairs & tables can be under an Asset Type named as Furniture.
Purpose of the Asset Type screen:
The purpose of the Asset Type screen is to create the different Asset Types like buildings,computers, equipment etc and define (record) information which are required to manage the assets under each Asset Type
Path for the Asset Type screen:
FAM > Master > Asset Type
Field description:
Code category:
Code: Describes the code for the Name of the Asset Type Fore.g., BLDG for Asset Type Name Buildings.
To be entered manually or can be generated automatically based on the code category if the Name is entered (For automatic generation , click here)
Name: Describes the name of the Asset Type like Buildings, Computers, Furniture etc.
To be entered based on the type of assets grouped under the Asset Type e.g., Computers for Laptops,desktops etc
Tracking Type: Describes how the assets under one Asset type can be tracked and gives options to select based on the Asset Type
E.g., The Tracking Type can be selected as Single for Asset Type Buildings, Batch for Asset Type Computers and Serial No for Asset Type Furniture.
Parameter set:
Nature: Describes the nature of the asset like Tangible or Non-Tangible
Asset Schedule:
Activity Tab: Describes any activity to be performed on the asset type for maintenance, the frequency of performance and the duration or number of times the activity needs to be performed.
Any number of activities can be entered using the Add Row facility
E.g., Whitewashing, Electrical lines checking for Buildings.
Depreciation: This field provides an option for entering depreciation for internal calculation and tax depreciation imposed by the Govt is applicable for that Asset Type by checking the box and if applicable , the type & percentage of depreciation and life of the asset to be entered.
Accounts: Gives options to select the Accounting Type as Direct to Asset or WIP to Asset with relevant account (general ledger).
based on which the asset type accounts will be reflected in books.
Options: Provides various options which are basic information regarding the assets to be maintained and they can be recorded by checking the boxes provided
Contents
Revisions
- June 23, 2021 @ 09:57:54 [Current Revision] by arul
- June 23, 2021 @ 09:57:54 by Surya BALAMURUGAN
- June 23, 2021 @ 07:30:19 by Surya BALAMURUGAN
- June 23, 2021 @ 07:25:55 by Surya BALAMURUGAN
- June 23, 2021 @ 07:24:59 [Autosave] by Surya BALAMURUGAN
- June 23, 2021 @ 05:41:43 by Surya BALAMURUGAN
- June 23, 2021 @ 05:40:51 by Surya BALAMURUGAN
- December 28, 2017 @ 11:04:02 by arul
- December 28, 2017 @ 11:03:45 [Autosave] by arul
- December 28, 2017 @ 10:58:06 by arul
- December 28, 2017 @ 09:24:48 by arul
- December 27, 2017 @ 17:51:12 by arul
- December 27, 2017 @ 16:01:12 by arul
- December 27, 2017 @ 14:46:03 by arul
- December 27, 2017 @ 13:01:43 by arul
- December 27, 2017 @ 12:20:24 by arul
- December 27, 2017 @ 12:11:52 by arul
- December 27, 2017 @ 11:13:31 by arul
- December 27, 2017 @ 10:29:41 by arul
- December 27, 2017 @ 06:23:33 by arul
Revision Differences
| December 27, 2017 @ 12:11:52 | Current Revision | ||
|---|---|---|---|
| Title | |||
| Deleted: | Added: Asset Type | ||
| Content | |||
|---|---|---|---|
| Deleted: Definition of Asset Type: | |||
| Added: <strong>Asset Type</strong> | |||
| Added: <strong>Path: Maintenance> Master>Asset Type</strong> | |||
| Deleted: Any organisation will own various types of fixed assets like building, computers, chairs & tables etc., For an easy maintenance scheduling and tracking , the similar asset scan be grouped ogether and | Added: An organization will have different types of assets, but managing each and every asset will be a cumbersome process. The asset type screen plays a vital role by classifying the similar types of assets under the single asset type. | ||
| Deleted: An asset type means similar type of assets owned by an organisation grouped under one particular name . For e.g, If an organisation owns three buildings (A,B,C), all of them are grouped under one Asset Type as Buildings . similarly if there are 10 laptops and 15 desktops owned by an organisation ,all of them can be grouped under one Asset Type Computers. | |||
| Deleted: The purpose of the Asset Type screen is to name the group the similar assets owned by an organisation together under one Afor an easy scheduling and tracking the maintanance of the assets. tracking and schedule for each of the individual asset in the organisation. This helps in bringing the assets into books of accounts and in the valuation of the assets . | |||
| Deleted: Eg.,Buildings, computers, chairs & tables are fixed assets of an organisation | Added: Similar types of assets are grouped under one particular name called asset type. | ||
| Deleted: To understand better if an organisation owns three buildings (Head office, Branch office 1, Branch office 2),each one of them is an asset and they are grouped together under the <strong>Asset Type </strong>Buildings. Similarly if the organisation has 10 laptops and 10 desktops , they are grouped together under the <strong>Asset Type</strong> Computers. | |||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type1A-2.png"><img class="alignnone wp-image-8877 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type1A-2.png" alt="" width="391" height="312" /></a> | |||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type1A-1.png"><img class="alignnone wp-image-8871 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type1A-1.png" alt="" width="399" height="359" /></a> | |||
| Deleted: Description of fields: | |||
| Unchanged: | Unchanged: | ||
| Added: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_01-1.png"><img class="alignnone size-full wp-image-14464" src="https:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_01-1.png" alt="" width="606" height="588" /></a> | |||
| Added: <ol> | |||
| Added: <li><strong>Code Category:</strong> The code category is selected as an Asset type while creating a new asset type.</li> | |||
| Added: <li><strong>Code:</strong> The code of the asset type needed to be entered here. Code can be created from the name of the asset type. For e.g., The name of the asset type is Building, then the code will be BULID.</li> | |||
| Added: <li> <strong> Name:</strong> The name of the asset type needed to be entered here. The common name of a group of assets can be used as an asset type name. For e.g., Computers, Buildings, etc.,</li> | |||
| Added: <li> <strong>Tracking Type: </strong>This field is used to define how the assets can be tracked.</li> | |||
| Added: </ol> | |||
| Added: <ul> | |||
| Added: <li><strong>Single:</strong> This option is selected to track each and every single asset.</li> | |||
| Added: <li><strong>Consolidated:</strong> This option is selected to track the consolidated quantity of assets</li> | |||
| Added: <li><strong>Batch: </strong>This option is used to track the asset with the batch number.</li> | |||
| Added: <li><strong>Serial No: </strong>This option is used to track the asset with the serial number.</li> | |||
| Added: </ul> | |||
| Added: <p style="padding-left: 30px;">5. <strong>Parameter Set:</strong> The parameter set is used to create a checklist for asset maintenance. To create a parameter set click here.</p> | |||
| Added: <p style="padding-left: 30px;">6. <strong>Nature:</strong> An asset might be tangible or non-tangible. The nature of assets will be selected here.</p> | |||
| Added: <p style="padding-left: 30px;">7. <strong>Asset Schedule:</strong></p> | |||
| Added: <p style="padding-left: 30px;">8. <strong>Resource Type Name: </strong></p> | |||
| Added: <p style="padding-left: 30px;">9.<strong> Activity:</strong> The activity tab is used to define the maintenance process for the asset type. Different types of maintenance are created in the activity type. Activity type Click here <a href="http:// help.goodbookserp.com/?p=14474" target="_blank" rel="noopener">Activity Type</a></p> | |||
| Added: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_02.png"><img class="alignnone size-full wp-image-14466" src="https:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_02.png" alt="" width="657" height="188" /></a> | |||
| Added: <ul> | |||
| Added: <li><strong>Activity:</strong> The type of maintenance process will be selected here.</li> | |||
| Added: <li><strong>Frequency Period:</strong> The time cycle in which the maintenance process occurs. For e.g., daily, weekly, monthly, etc.,</li> | |||
| Added: <li><strong>Duration:</strong> The time period to complete the selected maintenance process.</li> | |||
| Added: </ul> | |||
| Added: 10. <strong>Depreciation:</strong> This tab is used to define the depreciation of the assets. For internal purposes, this field can be used. | |||
| Added: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_03.png"><img class="alignnone size-full wp-image-14467" src="https:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_03.png" alt="" width="747" height="313" /></a> | |||
| Added: 11. <strong>Accounts:</strong> This field is used to define the account details of the asset. | |||
| Added: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_04.png"><img class="alignnone size-full wp-image-14468" src="https:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_04.png" alt="" width="464" height="218" /></a> | |||
| Added: 12. <strong>Options:</strong> A list of options provided for the asset maintenance and this is basic information related to the asset. | |||
| Added: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_05.png"><img class="alignnone size-full wp-image-14469" src="https:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type_05.png" alt="" width="537" height="143" /></a> | |||
| Added: 13. Click the Save button to save the asset type details. | |||
| Unchanged: | Unchanged: | ||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type2A.png"><img class="alignnone wp-image-8872 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type2A.png" alt="" width="400" height="149" /></a> | |||
| Unchanged: | Unchanged: | ||
| Added: <b>******************************************************************************************What is an Asset Type?</b> | |||
| Added: An Asset Type is used to classify the various types of fixed assets owned by an organisation. | |||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type3A.png"><img class="alignnone wp-image-8874 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type3A.png" alt="" width="588" height="105" /></a> | Added: Similar type of fixed assets owned by an organisation are grouped under one particular name called Asset Type. | ||
| Added: <strong>Why do we need an Asset Type? </strong> | |||
| Added: An Asset Type is useful for an efficient management of fixed assets and easy maintenance,scheduling, tracking,accounting and valuation of various types of fixed assets owned by an organisation. | |||
| Added: To understand better if an organisation owns three buildings lets say an office, factory and a godown all of them are grouped together under one <strong>Asset Type</strong> named as Buildings . Similarly if there are 10 laptops and 15 desktops owned by an organisation, all of them can be grouped under one <strong>Asset Type</strong> named as Computers. Chairs & tables can be under an <strong>Asset Type</strong> named as Furniture. | |||
| Added: <strong>Purpose of the Asset Type screen:</strong> | |||
| Added: The purpose of the Asset Type screen is to create the different Asset Types like buildings,computers, equipment etc and define (record) information which are required to manage the assets under each Asset Type | |||
| Added: <strong>Path for the Asset Type screen:</strong> | |||
| Added: FAM > Master > Asset Type | |||
| Unchanged: | Unchanged: | ||
| Added: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type1A-4.png"><img class="alignnone wp-image-8883 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type1A-4.png" alt="" width="385" height="354" /></a> | |||
| Added: <b>Field description:</b> | |||
| Added: <strong>Code category: </strong> | |||
| Added: <strong>Code: </strong> Describes the code for the Name of the Asset Type Fore.g., BLDG for Asset Type Name Buildings. | |||
| Added: To be entered manually or can be generated automatically based on the code category if the Name is entered (For automatic generation , click here) | |||
| Added: <strong>Name: </strong> Describes the name of the Asset Type like Buildings, Computers, Furniture etc. | |||
| Added: To be entered based on the type of assets grouped under the Asset Type e.g., Computers for Laptops,desktops etc | |||
| Added: <strong>Tracking Type: </strong>Describes how the assets under one Asset type can be tracked and gives options to select based on the Asset Type | |||
| Added: E.g., The Tracking Type can be selected as Single for Asset Type Buildings, Batch for Asset Type Computers and Serial No for Asset Type Furniture. | |||
| Unchanged: | Unchanged: | ||
| Added: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type2A-1.png"><img class="alignnone wp-image-8884 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type2A-1.png" alt="" width="380" height="151" /></a> | |||
| Added: <strong>Parameter set:</strong> | |||
| Added: <strong>Nature: </strong> Describes the nature of the asset like Tangible or Non-Tangible | |||
| Added: <strong>Asset Schedule:</strong> | |||
| Added: <strong>Activity Tab:</strong> Describes any activity to be performed on the asset type for maintenance, the frequency of performance and the duration or number of times the activity needs to be performed. | |||
| Added: Any number of activities can be entered using the Add Row facility | |||
| Added: E.g., Whitewashing, Electrical lines checking for Buildings. | |||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- | Added: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type3A.png"><img class="alignnone wp-image-8874 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type3A.png" alt="" width="588" height="105" /></a> | ||
| Added: <b>Depreciation< /b><strong>: </strong>This field provides an option for entering depreciation for internal calculation and tax depreciation imposed by the Govt is applicable for that Asset Type by checking the box and if applicable , the type & percentage of depreciation and life of the asset to be entered. | |||
| Unchanged: | Unchanged: | ||
| Added: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type4A.png"><img class="alignnone wp-image-8875 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type4A.png" alt="" width="767" height="325" /></a> | |||
| Added: <strong>Accounts:</strong> Gives options to select the Accounting Type as Direct to Asset or WIP to Asset with relevant account (general ledger). | |||
| Added: based on which the asset type accounts will be reflected in books. | |||
| Unchanged: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type6.png"><img class="alignnone wp-image-8862 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type6.png" alt="" width="500" height="232" /></a> | Unchanged: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type6.png"><img class="alignnone wp-image-8862 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type6.png" alt="" width="500" height="232" /></a> | ||
| Added: <strong>Options: </strong>Provides various options which are basic information regarding the assets to be maintained and they can be recorded by checking the boxes provided | |||
| Added: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type6A.png"><img class="alignnone wp-image-8876 size-full" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type6A.png" alt="" width="592" height="143" /></a> | |||
| Unchanged: | Unchanged: | ||
| Deleted: <a href="http:// help.goodbookserp.com/wp- content/uploads/ 2017/12/Asset- Type6A.png"><img class="alignnone size-medium wp-image-8876" src="http://help.goodbookserp.com/ wp-content/uploads/2017/12/ Asset-Type6A-300x72.png" alt="" width="300" height="72" /></a> | |||
| Unchanged: | Unchanged: | ||
Note: Spaces may be added to comparison text to allow better line wrapping.
